Describe the term Expenses
Briefly describe the term Expenses?
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Expenses are the prices of services offered to the organization. It can be indirect or direct. Direct Expenses are the expenditures that can be straightly identified with the single cost centers. Indirect Expenses are the expenditures that can’t be directly identified with the single cost centers.
The 2010 annual report of Willamette Valley Vineyards, Inc., comprised the following information associating to their allowance for doubtful accounts: Balance in allowance at the starting of the year $54,330, accounts written off throughout the year $51,467, balance in allowance at the end of the ye
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